Imdex does $334M deal for mining tech dominance

ASX-listed Imdex has announced a binding agreement to acquire leading Norway-based firm Devico to complement its drilling technology portfolio for A$334 million, funded by a $353 million capital plan – but it almost missed out.

Imdex does $334M deal for mining tech dominance Imdex does $334M deal for mining tech dominance Imdex does $334M deal for mining tech dominance Imdex does $334M deal for mining tech dominance Imdex does $334M deal for mining tech dominance

Devico is a leader in directional drilling

Imdex CEO Paul House said the deal would consolidate Imdex's dominance in the mining technology space, adding a portfolio of rock knowledge sensors to complement its existing tech, plus a pipeline of

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